Jun, 30, 2024 — SOUTH BEND TRANSIT FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH BEND, IN with 1 branch location and about $4.49 million in total assets. Opened 84 years ago in 1941, SOUTH BEND TRANSIT FEDERAL CREDIT UNION has about 374 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTH BEND TRANSIT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1401 S Lafayette Blvd Ste 100 SOUTH BEND, IN 46613 |
| Phone: | (574) 232-2192 |
| Fax: | (574) 232-2892 |
| Website: | https://www.sbtransitfcu.net |
| Branches: | 1 branch locations |
| Members: | 374 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4487 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,488,115 |
| CEO/Manager: | Sarah A Ladouceur |
| Chairperson: | Dale L Rieder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 85,620 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 272,189 |
| Other Loans | 2,137,756 |
| TOTAL LOANS | 2,409,945 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,422 |
| Land And Building | 0 |
| Other Fixed Assets | 4,967 |
| NCUSIF Deposit | 42,702 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,488,115 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 290,672 |
| Accounts Payable & Other Liabilities | -8 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,414,380 |
| All Other Shares & Deposits | 829,558 |
| TOTAL SHARES & DEPOSITS | 3,243,938 |
| TOTAL LIABILITIES | 3,534,602 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 953,513 |
| TOTAL EQUITY | 953,513 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,488,115 |
| INCOME & EXPENSE | |
| Loan Income | 117,912 |
| Investment Income | 12,222 |
| Other Income | 17,753 |
| Total Employee Compensation & Benefits | 57,730 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 81,474 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,003 |
| Cost of Funds | 12,698 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,097 |
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